Barack Obama

Americans Renouncing US Citizenship Soars To Yet Another Record High

1,426. That’s the number of Americans who renounced their US citizenship last quarter according to the US government’s report just released this morning. That’s a record high for a single quarter, easily beating the last record high set earlier this year, which beat the previous record high set in 2013.

Complacency Reigns At Epic Levels: "Few Are Ready For What Is Coming"

Accounting fraud remains at the heart of the fix instituted by Ben Bernanke and the ploy has been copied by authorities throughout the global financial system, including the central banks of China, Japan, and the European Community. That it seemed to work for the past seven years in propping up global finance has given too many people the dangerous conviction that reality is optional in economic relations. The recovery of equity markets from the disturbances of August has apparently convinced the market players that stocks are invincible. Complacency reigns at epic levels. Few are ready for what is coming.

$19.6 Trillion Debt Ceiling: Done Deal?

With just days left until the November 3rd D-Day when the Treasury runs out of emergency cash and is forced to prioritize debt repayments over government spending, moments ago Politico reported that "congressional leaders and the White House are working toward a two-year agreement. A debt ceiling measure is on a parallel track."

Frontrunning: October 26

  • European shares slip as easing expectations fade (Reuters)
  • Valeant and Pharmacy More Intertwined Than Thought (WSJ)
  • The Pawn Isolated: Valeant, Philidor and the Annals of Fraud (WSJ)
  • Strongest Afghan Quake Since 1949 Triggers Search for Survivors (BBG)
  • EU Agrees To Tighten Border Controls And Slow Migrant Arrival (AP)
  • Volkswagen Suspends More Employees (WSJ)
  • Volkswagen Loses Global Sales Lead to Toyota Amid Diesel Scandal (BBG)

America - In Search Of A Cause?

America is a nation divided, not only upon the means we should use to attain our ends in the world, but upon the ends themselves.

Hillary Clinton Pretends to Be Progressive: She's Actually Conservative

Reality is only what a politician does  in office, not about mere rhetoric. Even when rhetoric is great, such as it was with Abraham Lincoln, it has relied upon honesty in order to be able to be so. Lying rhetoric tends simply to be forgotten by historians. It shouldn’t be, even if this requires us to remember some very bad rhetoric. Lies can be very important, no matter how bad the rhetoric might happen to be. History should deal with what’s important. So should voters.

What If They Started A War And Everyone Came?

What if the U.S. had not invaded Iraq in 2003? How would things be different in the Middle East today? Was Iraq, in the words of presidential candidate Bernie Sanders, the "worst foreign policy blunder" in American history? Let's take a big-picture tour of the Middle East and try to answer those questions. But first, a request: after each paragraph that follows, could you make sure to add the question “What could possibly go wrong?”

Obama Unveils Roadmap To 'Bailout' Puerto Rico: "New" Bankruptcy Rules & Federal Fiscal Oversight

America is not Greece, but judging from the Obama administration's just-unveiled plans to bailout Puerto Rico's disastrous debt situation, the American territory may have to sacrifice a little more sovereignty to get some relief. Obama is pressing for Congress to give Puerto Rico (PR) sweeping powers to reduce its $73 billion debt burden through a form of bankruptcy protection not now available to American territories and will also ask lawmakers to establish an independent body to monitor the island’s fiscal affairs (a la Troika).

Guest Post: The Nazification Of America Is Almost Complete

"The United States is in decline. While not all major shocks to the system will be devastating, when the right one comes along, the outcome may be dramatic." Once upon a time America fought a great war to rid the world of the Nazis, but now we have become just like them.

Collapse Of The Western Financial System Looms As A "Strategic" Russian Default Is Possible

History may eventually decide the "New World Order" started on September 28, when Russian President Vladimir Putin and US President Barack Obama had a 90-minute face off at the UN in New York. Irrespective of spin – “productive” according to the White House, “tense” according to a source close to the Kremlin – facts on the ground accumulated almost immediately.

Moving Toward A One World Government, A One World Economy And A One World Religion

The global elite have never been closer to their goal of a united world.  Thanks to a series of interlocking treaties and international agreements, the governance of this planet is increasingly becoming globalized and centralized, but most people don’t seem alarmed by this at all.  In the past 30 days, we have seen some of the biggest steps toward a one world government, a one world economy and a one world religion that we have ever witnessed, but these events have sparked very little public discussion or debate...

The Model Minority

Michael Wang: too Asian and too perfect for the Ivy League schools. This is a typical example of modern-day socialism’s drive to allegedly “equalize opportunity”, a heading under which the incentive to make an effort to actually accomplish something in life is slowly but surely deadened among those showing the best abilities. Over time, it leads to decay in the population’s morals and intelligence, until you end up with a nation best compared to a ship of fools.

NIRP Goes To Nippon: Japan Auctions 1 Year Paper At Most Negative Yield On Record

What is surprising about Japan is that unlike most of Europe, which has opted to adopt a Negative Interest Rate Policy, or NIRP,  is that Japan whose monetary policy became a basket case years ago - Japan is currently on QE10 - it still hasn't thrown in the "all-in" towel and announced negative rates. This may have officially changed yesterday, when in an auction that flew deep under the radar, Japan sold 1 Year (not 3 Month) Bills at the most negative yield in history, or -0.0418%, nearly doubly more negative the -0.0252% yield on the September 16 auction.